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W. R. Berkley Corporation · 22 hours ago

Director, Underwriting

Stamford, CT

Full-time

Hybrid

Senior Level, Lead/Staff

$130K/yr - $170K/yr

W. R. Berkley Corporation is a leading provider of insurance solutions, and they are seeking a Director of Underwriting for their Excess Casualty team. The role involves analyzing customer information to determine underwriting acceptability and establishing relationships with brokers and agents while also managing risk assessments and underwriting processes.

Auto InsuranceFinancial ServicesHealth InsuranceInsuranceLife InsuranceProfessional ServicesProperty Insurance

No H1B

Responsibilities

The Director, Excess Casualty E&S Underwriter is responsible for analyses of potential and existing customers by gathering and reviewing information on the companies’ financial condition, loss and exposure history, and other relevant information to determine underwriting acceptability

Duties will also entail assessing economic acceptability of the risks and other important criteria that may affect the type of insurance coverage provided and premiums charged

Under supervision, the person in this role will assess risk, set rate and coverage levels

The successful candidate with excellent experience while developing their critical underwriting skills, through both independent and on-the-job training (e.g., job shadowing, mentorship, etc.)

It is expected that the person in this role will establish, support, and maintain effective relationships with peers, customers, and brokers/agents

The person will also focus on learning how to evaluate both new and renewal book of business from evaluation to the pricing of the risk

Understand the relationship between the brokerage community and underwriting; includes importance of managing the expectations of and communicating underwriting decisions, requirements, and philosophies to brokerage community

Maintain producer / agency contact log information in electronic databases

Participate in agency visitations with underwriters, claims representative or loss control representative to begin developing customer contacts

Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy

Review underwriting documents for accuracy prior to their release to brokers and/or company clients

Learn to analyze coverage and limit requests to determine terms to be offer

Prices business in accordance with company guidelines

Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions

Orders and screens miscellaneous reports needed in the rating and underwriting processes, such as loss history reports, credit checks, outside inspections, loss control, etc

Assist with the input of preliminary underwriting information; gather third party reports and information on submissions, according to priority ranking by the underwriting team

Assist with pre-underwriting on renewals prior to the policy expiration date to determine whether notice of non-renewal or notice of a change in risk letters are required

Assist with gathering prior claim history information on renewals and utilize judgment to assist in determining extent of pre-underwriting or non-renewal

Receive, accept and follow up for and evaluate additional information for submissions on hold status

Follow up with producer to collect accurate lost quotation information

Receive, accept and evaluate binder conditions

Other duties and special projects as assigned